financing

The European Bank for Reconstruction and Development (EBRD) has provided a €120 million financing package for a 342MW solar-plus-storage project in Romania.

European Energy has secured finance for a renewable energy project in the UK that combines 68MW of solar PV capacity and a 47.5MW/95MWh BESS.

Solar Landscape, a US-based distributed energy infrastructure company, has secured a development financing facility of up to US$150 million.

IPP Sonnedix has closed a €730 million (US$841 million) financing for the refinancing, optimisation, and construction of renewable energy assets across Southern Europe.

Avaada has secured approximately US$1.3 billion in debt to fund a 2.15GW portfolio of hybrid and solar projects in Gujarat and Maharashtra.

Independent power producer (IPP) Avantus has closed a US$525 million financing package for its Aratina 2 solar-plus-storage project in Southern California, US.

Renewables developer Elawan Energy has closed a €760 million financing on a 1.3GW solar PV, wind and battery energy storage system (BESS) portfolio in Spain.

Polysilicon producer United Solar has reached financial close on a US$50 million equity investment from the World Bank Group's International Finance Corporation (IFC) for its polysilicon facility in Oman.

Energy platform Permanent Power Company has secured US$600 million in construction financing for a solar-plus-storage project in California, US.

US independent power producer (IPP) Cypress Creek Energy has secured US$3.5 billion in financing to support the development of a 1.63GW/1.9GWh solar-plus-storage project in Arkansas.